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Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

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Share Price: 0.0385
Bid: 0.037
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.003 (8.108%)
Open: 0.0385
High: 0.0385
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Prev. Close: 0.0385
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AIM WINNERS & LOSERS: Image Scan up on expected swing to profit

Tue, 10th Oct 2023 10:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Capital Metals PLC, up 46% at 2.19 pence, 12-month range 0.90-5.79p. The Sri Lanka-focused mineral sands company says that the Supreme Court in Sri Lanka has decided that the decision by the Sri Lanka Muslim Congress to expel Naseer Ahamad from its party is legally valid. Consequently, Ahamad loses his parliamentary seat and his position as Minister of Environment. Chair Greg Martyr says this is a "positive development" as the company believes the minister to be "primarily responsible for the illegal interference" with its licences. "This, together with the recently approved change in mineral licensing procedures, which transfers certain responsibilities to the board of investment, should bode well for our situation but also more generally for the country as it takes steps to improve governance," the chair continues.

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YouGov PLC, up 16% at 799.00 pence, 12-month 650.00-1,185.00p. The research and data analytics firm ups its dividend as annual profit surges 77%. YouGov reports pretax profit surged 77% to GBP44.7 million in the financial year ended July 31, from GBP25.3 million a year earlier. Revenue climbs 17% to GBP258.3 million from GBP221.1 million. The company says this was driven by growth across all of its geographies, despite macroeconomic challenges and difficult trading conditions in some markets during the period. Ups its full-year dividend by 25% to 8.75p from 7.00p. Looking ahead, YouGov says it remains confident in its prospects for financial 2024 and in meeting current market expectations "on a stand-alone basis". Trading for the current financial year has started off in line with expectations.

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Image Scan Holdings PLC, up 12% at 1.90 pence, 12-month range 0.80-2.55p. The X-ray screen system supplier to the security and industrial inspection markets expects to report "strong" sales and profit growth in the financial year ended September 30. Revenue is expected to be GBP3 million, up 50% from GBP3 million the previous year. Predicts to swing to a pretax profit of GBP100,000 from a loss of GBP350,000 the year prior. "The uplift in market activity as mentioned in the interim results has continued and government opportunities which were suppressed or delayed, by Covid and its aftermath, are now actively progressing. The extension of the product range has already borne fruit and offers the company wider opportunities in the Counter Explosive Ordnance portable x-ray marketplace," Image Scan says.

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AIM - LOSERS

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TomCo Energy PLC, down 21% at 0.052 pence, 12-month range 0.050-0.54p. The US-focused oil development firm struggles as the big gains for oil seen on Monday fall back. The initial surge in prices came amid flaring tensions in the Middle East as investors assessed the potential for the conflict to disrupt supply. Back in June, the company also said its cash reserves were "insufficient" to fund ongoing overhead costs "for the next 12 months".

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Apr 2023 14:28

IN BRIEF: TomCo Energy shares resume as posts narrowed annual loss

TomCo Energy PLC - oil development group operating in US - Shares start trading again on AIM and posts results for financial year ended September 30. Pretax loss in financial 2022 is GBP690,000, narrowed from GBP10.3 million a year prior. Posts no revenue, unchanged. Reports no impairment loss compared to GBP8.7 million in financial 2021. Looking ahead, Chair Malcolm Groat says: "The company acknowledges and greatly appreciates the ongoing support and patience of our shareholders as we seek to progress the Greenfield development project as well as exploit TomCo's other significant potential despite the current global economic headwinds." Greenfield Energy LLC was the company's focus in financial 2022, and Greenfield's plans to pursue the construction of two oil sand separation plants in Utah, US.

Read more
3 Apr 2023 15:03

TRADING UPDATES: Tracsis profit jumps; Elixirr 2022 earnings improve

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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30 Mar 2023 20:31

TRADING UPDATE: Aquis Exchange profit jumps, TomCo obtains funding

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday not separately reported by Alliance News:

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6 Mar 2023 11:48

TomCo agrees option exercise period extension for Tar Sands purchase

(Alliance News) - TomCo Energy PLC on Monday said it agreed to extend its 100%-owned subsidiary Greenfield Energy LLC's purchase option exercise period to acquire Tar Sands Holdings II LLC until March 31.

Read more
2 Mar 2023 19:57

TRADING UPDATES: Downing Renewables acquires two hydropower plants

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
30 Dec 2022 15:11

TomCo extends option exercise period for acquisition of Tar Sands

(Alliance News) - TomCo Energy PLC on Friday said it has extended its option exercise period relating to the potential acquisition of the remaining interest in Tar Sands Holdings II LLC.

Read more
2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
4 Nov 2022 20:58

TRADING UPDATES: DeepVerge raises GBP815,000; Rambler defaults payment

(Alliance News) - The following is a round-up of updates by London-listed companies, not separately reported by Alliance News:

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1 Nov 2022 16:44

TomCo agrees another extension to its loan from Valkor

(Sharecast News) - Oil developer TomCo announced a further extension to its unsecured loan from Valkor Oil on Tuesday, with the remaining outstanding principal totalling $1m.

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24 Oct 2022 21:18

TRADING UPDATES: Silverwood finishes acquisition; Hardide names chair

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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14 Oct 2022 13:43

CORRECT: TomCo Energy shares down after loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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14 Oct 2022 13:41

IN BRIEF: TomCo Energy shares up on loan repayment and extension

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

Read more
14 Oct 2022 13:02

TomCo partially repays, extends Valkor loan further

(Sharecast News) - US-focussed oil developer TomCo Energy announced a repayment of $0.25m and a further extension to the repayment date for the remaining $1m outstanding principal amount of the unsecured loan from Valkor Oil & Gas on Friday.

Read more
13 Oct 2022 17:55

CORRECT: Coral Products buys Ecodeck; Evgen Pharma recruits

(Correcting Harmony Energy Income Trust's use of funds.)

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